Coal India's net falls 21% to Rs 3,084 crore in December quarter

For the nine months of the current financial year, the net profit of CIL was down by 32.3 per cent at Rs 8,113 crore

State-owned Coal India limited (CIL) on Thursday reported a 21.4 per cent year-on-year decline in net profit for the third quarter ending December 2020 (Q3FY21). The company’s profit after tax stood at Rs 3,084.10 crore in Q3FY21.

For the nine months of this financial year, the net profit of CIL was down by 32.3 per cent at Rs 8,113 crore.

The company’s revenue was up marginally by 2 per cent at Rs 23,686 crore in Q3FY21 as against Rs 23,190.5 crore clocked during Q3FY20. Its EBITDA rose by 4 percent to Rs 5,165 crore in the latest December quarter.

CIL